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pari-mutuel
(redirected from Parimutuel betting)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
pari-mutuel, parimutuel
betting on the totalizator. Literally means betting between ourselves. All of the money wagered is divided up equally between those who have backed the winning and placed horses.


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THE coupling of horses in the French parimutuel betting system could be consigned to history after France-Galop revealed their intent to scrap the rule in a bid to boost turnover, writes Desmond Stoneham.
California's tracks were Depression-era innovations, made possible by the state's desire to increase revenue by taxing racetrack betting and by the public's desire for the rags-to-riches opportunity that parimutuel betting promised.
In 2003, they were added to the parimutuel betting card.
 
 
 
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